Bangladesh posts current account surplus of nearly $1 billionStaff writer ▼ | November 19, 2015
Bangladesh recorded a current account surplus of nearly $1 billion in July-September period of the current 2015-2016 fiscal year ending June, a central bank official said.
Bangladesh Bank The report for the July-September period
Bangladesh registered a current account deficit of 1.65 billion U.S. dollars in the last 2014-15 fiscal year for weakening growths in exports and remittances.
According to the official, the central bank of Bangladesh experienced a see-saw ride of ups and downs in the current account balance and overall balance of payments also in the recent months as growth in export earnings and inflow of remittances dwindled.
The BB data showed Bangladesh's export earning in the first quarter of the current 2015-16 fiscal year grew a meager 0.83 percent year on year to 7.76 billion U.S. dollars.
It also showed that the flow of inward remittances in the first three months of the current 2015-2016 fiscal year fell 2 percent to 3,930.86 million dollars. ■